Seoul has signed a one-year agreement with Washington that will increase its contribution to the upkeep of about 28,500 US troops in South Korea by 8.2%.
After 10 rounds of negotiations to conclude the 10th Special Measures Agreement (SMA), which delineates burden-sharing for the US military presence on the Korean Peninsula, the two sides agreed that South Korea will pay KRW1.04 trillion (USD923 million) for 2019, the Ministry of Foreign Affairs (MoFA) in Seoul said in a 10 February statement.
The MoFA said Washington had asked Seoul to substantially increase its contribution to US Forces Korea (USFK) to correspond with its "national status and economic power", but pointed out that the agreed 8.2% hike is the same percentage level increase as that applied to South Korea's defence budget for 2019.
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